Category: Home Buying

Renting vs Buying in Florida

Have you ever thought about moving to the sunshine state of Florida? One of the first questions you will ask yourself is, “Should I rent or should I buy?” Let’s look at the pros and cons of Renting vs Buying in Florida! Mobility If you are renting it is easier …

How much does an FHA loan cost?

A conventional mortgage requires a 20% down payment. This amount can sometimes be difficult for buyers to save up so they begin looking for other options. One very popular option is an “FHA loan” which is actually mortgage insurance provided by the Federal Housing Administration. While allowing buyers to make …

What makes buying a foreclosed property risky?

Just about everyone has heard about buying foreclosures as a get rich quick scheme. There are ads all over the place talking about how much you can raise your net worth by buying foreclosures. While this is definitely true it leaves out a lot of the pitfalls you can face …

Adjustable-Rate Mortgage Calculators

Before you agree to an adjustable-rate mortgage, use an adjustable-rate mortgage calculator to help determine what your payments will be when the interest rates rise and fall. Having this information will help you make a better-informed decision about whether an adjustable-rate mortgage is right for you. Using an adjustable-rate mortgage …

Coronavirus lowers homebuyer interest

Buyers recently lost a big benefit, mortgage rates hit record lows two weeks ago but rose sharply back to January levels. Some agents have cancelled open houses, others are sanitizing and greeting people with face masks and gloves. A very stark contrast from the cookies and milk of the old …

Should I set up an LLC for my Real Estate Investments?

You should never own a real estate investment in your own name. If you are looking into real estate investing, one of the first things you should consider is creating a limited liability company to own your properties. A limited liability company does exactly what the name says, it will …

What is the home buying process like?

Thanks to online shopping we have been spoiled with “one-click ordering.” Sadly, that’s not how buying a house works. It’s a complicated process with many moving parts. Luckily, we’ve been there before and are here to help show you a road map. Where do I even start? A great place …

First-Time Home Buying Tips

Buying a house can be a stressful ordeal, especially if you are a first-time homebuyer. These tips are aimed at helping you save money and avoid common mistakes. The tips are organized in four categories: House shopping Mortgage application Mortgage down payment Mistakes to avoid. House Shopping Decide on the …

How Much House Can I Afford?

When you start looking for a new home, ask yourself, “How much should I borrow?” not, “How much could I borrow?”. Instead of focusing on the most expensive home you can buy, look for a home that fits your budget as well as your family. Determine a Budget First you …